Q1 Operating Earnings for RLI Dip Slightly From Previous Year

Peoria, Ill.-based property and casualty insurance company, RLI Corp., reported first quarter 2010 operating earnings of $20 million compared to $22.5 million for the first quarter of 2009.

The company had an underwriting income of $12.7 million and a combined ratio of 89.1. That compares to $15.2 million of underwriting income on an 87.9 combined ratio in the same quarter for 2009. Return on equity for the trailing four quarters was 15 percent.

RLI President and CEO Jonathan E. Michael said the company has experienced premium growth in both the property and surety segments.

Source: RLI Corp.